Pactiv could see profit in McDonald's latest beverage launch

ChristopherHinton

NEW YORK (MarketWatch) -- Pactiv Corp.
PTV, +20.00%
could get a 6 cents-a-share boost to its 2009 bottom line if the packaging company is able to participate in McDonald's Corp.'s
MCD, +0.67%
latest beverage launch, Citibank said Monday in a note. Pactiv already supplies the burger flipper with coffee cups through its Prairie Packaging subsidiary, the investment bank said. Additionally, Pactiv shares currently trade at a discount because the market has misread the impact of higher oil prices on its raw material costs, which the company has been able to offset with higher product pricing, Citibank said. Pactiv stock was recently down a fraction to $26.43.

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